Our DSO Deal Roundup keeps you up-to-date on the latest DSO deal activity and includes an exclusive synopsis. With no signs of consolidation slowing down, October has been an exceptionally busy month in the DSO industry!
October 2021
Select Dental Management Expands Footprint into Vermont & D.C.
Select Dental Management, which was featured on the Emerging Groups to Watch in 2020 list, has recently partnered with two additional dental practices further expanding their footprint into D.C. and Vermont and bringing the organization to a total of 32 practices. Their model affords Select the benefits of 97% employee retention, close to 100% associate retention, and the support needed for practices to thrive. Select is poised to continue growing in 2022 and has offices across the Northeast located in Maryland, New Jersey, Pennsylvania, New York, Connecticut, Massachusetts, Vermont, New Hampshire, and Washington D.C. Select Dental Management was founded in 2018 by two lifelong friends. SDM is partnered with 32 practices, employing over 60 dentists and almost 500 employees, treating over 80,000 patients. SDM’s Chief Executive Officer and Co-Founder, Elliot Zibel, will be featured on a Group Dentistry Now podcast in the next few weeks!
Aspen Dental Management Inc. (ADMI) Changes Name
ADMI has changed it’s name to TAG – The Aspen Group and they are officially expanding beyond dental to embrace a new vision. As they welcome Chapter Aesthetic Studio, ClearChoice Dental Implant Centers, and WellNow Urgent Care into their family alongside Aspen Dental, they’re setting out to achieve one simple goal together: to bring better healthcare to more people. Because they believe in a future where health and wellness is accessible for all.
Dental365 Welcome N.J. Nicastro Dental, located in Port Jefferson Station, NY and Enters to Jersey City, NJ Market
N.J. Nicastro Dental began as a family practice run by father and son, and continues to provide their patients with the “family” aspect that perfectly aligns with Dental365’s practice philosophy. For over 40 years, the office has provided family dentistry to the Port Jefferson Station and surrounding communities, and is led by Dr. Nicholas Nicastro Jr. The Jersey City office is led by Drs. Keith and Marshall Baines. Prior to the partnership, the office was family owned since 1973, serving Jersey City, North Bergen, Hoboken, Union City and the surrounding communities for over 40 years. Dental365 was on the Emerging Groups to Watch in 2017 list. It is not often that a DSO has so many dental practices and dentists asking to join that a majority are not accepted – but that is exactly the case with this unique, fast-growing, affordable and exceptional DSO. Listen to the founder, CEO, & director of dentistry, Dr. Scott Asnis, on The Group Dentistry Now Show: The Voice Of The DSO Industry – Episode 47.
CareMount Dental Opens New Mount Kisco Location
ProHEALTH Dental is excited to announce the opening of the second CareMount Dental office located at 657 Main Street, Mt. Kisco, NY. This new 4000 square foot state-of-the-art office will provide a full range of adult general and specialty services to complement its CareMount Dental/Kids Are Great pediatric office opened earlier this year. This is one of ProHEALTH Dental’s five major clinical affiliations, which serve over 3.5 million patients throughout the New York/New Jersey area. Through this unique clinical affiliation model, ProHEALTH Dental currently operates 14 offices, with more in development, including another CareMount Dental office in Yorktown Heights, NY. ProHEALTH Dental’s expansion is part of its clinical affiliation with CareMount Medical, New York’s premier multispecialty medical group serving the Hudson Valley and New York City – and affirms the mission and model of breaking down the barrier between medicine and dentistry. ProHEALTH Dental not only provides high quality dental care, but also educates the public about the importance of oral health as a key element of overall health.
The ChildSmiles Group Enters the Pennsylvania Dental Market with the Acquisition of Smiles 4 Keeps
Smiles 4 Keeps has been in operation for over 40 years, providing pediatric dental care across four practices in the communities of Eastern PA including Wilkes-Barre, Scranton, Hazleton, and Bartonsville. Smiles 4 Keeps was founded by Dr. Ross Wezmar, a pediatric dentist and the current Director of Strategic Partnerships. Dr. Kathy Poepperling continues in her role as a pediatric dentist and the Director of Clinical Affairs. ChildSmiles is a healthcare organization in New Jersey with a heavy focus on pediatric multi-specialty dental services, primary care and family orthodontics. ChildSmiles operates large-footprint dental practices with together over 150 total operatories, a children’s ambulatory dental surgery center, and two primary care pediatric practices in New Jersey and four dental practices in Pennsylvania, altogether employing over 500 employees.
Spark Orthodontics Announces Acquisition of Nashville-Based Cumberland Pediatric Dentistry & Orthodontics
Spark Orthodontics was founded in 2010 by Dr. Jason M. Hartman, D.M.D., M.S. The orthodontic group practice has 10 offices in Pennsylvania. They have just announced the acquisition of Cumberland Pediatric Dentistry & Orthodontics of Tennessee. Cumberland’s eight offices in the Nashville, TN area will retain the Cumberland name and will roll up under Spark Orthodontics. Cumberland’s four founders, Brent Miller, DDS; Jennifer House, DMD; Jack Stalker, DDS; and Peter Wojtkiewicz, DMD, will become members of the Spark management team. With this acquisition, Spark becomes a multi-specialty practice, covering the entire pediatric dental and orthodontic lifecycle, from 18 months of age through adulthood.
Bathgate Dental Spa Acquired by Clyde Munro
West Lothian-based Bathgate Dental Spa, a dental and aesthetics practice which has around 8500 patients, becomes the 52nd practice to join Clyde Munro Dental Group. Founded in 1967 and acquired by Iain Henderson in 1990, the predominantly NHS practice was, in 2004, among Scotland’s first to offer accredited facial aesthetics treatments. The Midstreet practice has since grown to a team of 15, including five associate dentists who will all remain in place, while the sale will allow Iain to fully retire from general practice and to focus on his work for NHS Education. Earlier this year, Clyde Munro became the first group to exceed 50 practices across Scotland. Further acquisitions will be completed in the near future, with a further 10 practices due to join the group. As well as a presence in all Scotland’s cities, Clyde Munro now owns practices from Orkney and the Highlands to the Scottish Borders.
CarolinasDentist Opens New Practice in Midtown Wilmington, North Carolina
Formerly known as “My Friends Dentist,” the practice was sold to Lightwave Dental, the parent company of CarolinasDentist, in May 2021. While the interior and exterior of the facility has been renovated to reflect the CarolinasDentists brand, the same clinical and administrative staff will be there to serve patients, now under the leadership of incoming dentist Dr. Sarah Kinsley. CarolinasDentist is a group dental practice founded by local dentists and has grown to 11 practices in North Carolina. In 2019, CarolinasDentist partnered with Lightwave Dental to improve upon the offerings and services for their team members and patients.
MINT Dentistry & Orthodontics is Expanding
The growing DSO has just announced the opening of its newest office in Morrow, Georgia. Headquartered in Dallas, the group has locations in Texas and Georgia. With over 50,000 5-star Google reviews, the dental group was established by Dr. Field Harrison. He founded MINT dentistry with the conviction that outstanding dental care should be affordable to everyone.
Curaeos and Colosseum Dental Group Have Joined Forces
Operating in 11 European countries, Colosseum Dental Group is a Swiss-based DSO servicing the European dental services market. Led by Stefan Nilsson, CEO, the group has just announced the completion of the combination of Curaeos and Colosseum Dental Group. The combined network now includes more than 550 clinics and over 50 labs in 11 European countries, serving 3 million patients per year.
Summit Dental Center in Texas Joins Western Dental and Brident
Brident Dental & Orthodontics, an affiliate of Western Dental, announced Summit Dental Center and its seven offices in Texas are the latest practices to join the Western Dental/Brident family. Summit Dental Center was founded 23 years ago by Dr. Essa Kawaja and Dr. William Gomez, who grew the dental group to include general dentistry, pediatric dentistry, endodontics, periodontics and oral surgery. This affiliation brings Brident’s total number of offices in Houston to 24 and to 80 in Texas. Altogether, the Western Dental/Brident family of practices has 343 offices throughout California, Texas, Arizona, Nevada and Alabama.
Oxford Finance Closes Credit Facility with Endodontic Practice Partners
Oxford Finance LLC, a specialty finance firm focused on healthcare services and life sciences companies worldwide, announced the closing of a senior credit facility and revolving line of credit to Endodontic Practice Partners (EPP), a River Cities Capital portfolio company. Endodontic Practice Partners is building a network of private endodontic practices. Proceeds from the transaction will be used to finance acquisitions, refinance existing debt, and provide ongoing working capital and growth capital needs. Oxford Finance is the sole lead arranger and administrative agent in the transaction.
Ladd Dental Group Opens New Location in Wabash, IN
Since 1978, Ladd Dental Group provides a wide range of dental services to meet the needs of our Central Indiana patients. Based in Kokomo, IN, the group has six general dentistry practices throughout the state.
DCA announces Dental Care of Alexandria and McLean as New Allied Practices
Dental Care Alliance (DCA) announces the addition of Dental Care of Alexandria and McLean to its growing family of allied practices. Founded in 1988 in Alexandria, VA, the practice expanded in 2001, establishing a second state-of-the-art facility in the growing suburbs of Washington, DC. With two locations in Northern Virginia, this practice is led by Dr. John Schehl and three associate doctors. This marks DCA’s seventh affiliation in 2021 so far, and brings DCA’s footprint in Virginia to 48 allied practices.
Smile Brands and Johnson Family Dental Announce New Dental Office in Paso Robles, CA.
Johnson Family Dental is a growing group dental practice based in Santa Barbara, California. Since 1963, Johnson Family Dental has been delivering care to Central California residents. With eight locations, Johnson Family Dental provides comprehensive general, specialty, and orthodontic care in Santa Barbara, Ventura, Goleta, Solvang, Camarillo, San Luis Obispo Santa Maria, and Paso Robles. Leading the clinical team in the new Johnson Family Dental office is Dr. Christopher Neale. Smile Brands, based in Irvine, California, is one of the largest providers of dental support services in the United States. The company supports nearly 700 affiliated practices, with more than 7,500 dedicated team members across 30 states. Smile Brands supports a portfolio of over 75 brands including well-known regional brands: Bright Now! Dental, Castle Dental, Merit Dental, Midwest Dental, Monarch Dental, and Mondovi Dental.
Pacific Dental Services Opens 850th Supported Dental Office
Founded in 1994, Pacific Dental Services (PDS) originated the Private Practice+® model to enable dentists to focus on their passion: serving patients. PDS also pioneered the concept of Modern Dentistry so that dentists are equipped to combine advances in the latest technology with the best operational practices and procedures, highly skilled support staff and a commitment to ongoing training and education. In 2020, team members came together to serve in the face of incredible challenges and provided over $5.5 million worth of donated dentistry and volunteered over 23,000 hours of time through charitable events. PDS has been on the Inc. 5000 list of the fastest growing private companies in America 14 times. The dental group’s supported dentists aim to be the provider of choice in all the markets they serve and to develop Patients for Life™. The DSO plans on opening 150 new supported offices during the next two years.
Partnerships for Dentists Welcomes New Morgantown, WV location
Based in Plano, TX, Partnerships for Dentists has models. Dr. Dominic J. Raymond II, who recently partnered with the group, has been providing family dental care to Morgantown residents for over 30 years. A board-certified Diplomate of the American Dental Association, Dr. Raymond earned his undergraduate and dental degrees from West Virginia University. He has been honored with Pittsburgh Magazine’s “Top Dentist” awards 2007-2020. Partnerships for Dentists is led by Keith Miller, President and COO.
Imagen Dental Partners Expands into Georgia and Continues Growth in Illinois
Imagen expands into Georgia with acquisition of Smile Moore Dentistry. Dr. Randolph Moore, DMD, PC, has provided dentistry to the North Gwinnett community since 1994. The group also expanded their Illinois footprint with the acquisition of Village Green Dentistry which i sled by Dr. Dmitry Sokol. Imagen will continue its rapid expansion throughout 2021 into 2022, including plans to partner with practices in Texas, Ohio, Florida, Michigan, Western Kentucky, and Northern Indiana. Led by CEO, Rezwan Manji, the dental partnership organization (DPO) is headquartered in Scottsdale, Arizona.
ProHealth Dental, Catholic Health Announce New Affiliation
The two organizations are collaborating on coordinated care and education to boost patients’ overall health and wellness. “There is a correlation between general wellness and dental health,” Catholic Health President CEO Dr. Patrick O’Shaughnessy said in a statement. The collaboration “will help more Long Islanders develop and maintain good oral health.” ProHealth’s Dental offices will provide a full range of services to Catholic Health patients of all ages. “Our new clinical affiliation with Catholic Health is yet another step toward bringing medicine and dentistry together in support of overall health,” said Norton L. Travis, CEO of ProHealth Dental. This is ProHealth Dental’s seventh major clinical affiliation. As with the other clinical affiliations, Catholic Health and ProHealth Dental remain separate legal entities that are solely responsible for the care of their patients. Through this clinical affiliation model, ProHealth Dental currently operates 13 offices with several more planned to open by the end of the year.
White Oak Healthcare Finance Provides Financing to HighFive Healthcare to Support Growth Strategy
White Oak Healthcare Finance, LLC announced it acted as sole lender and administrative agent of a senior credit facility to HighFive Healthcare. HighFive is a specialty dental service organization focused on acquiring high production endodontics and oral surgery dental practices in the southeastern U.S. Founded in 2018 and based in Birmingham, AL, HighFive is a specialty DSO started by Chad Trull. HighFive is the largest multi-specialty organization that specifically works with oral surgeons and endodontist under a single portfolio company. HighFive Healthcare partners with endodontist and oral surgeons throughout Alabama, Kentucky, Mississippi, with near-term plans to expand to South Carolina, Florida, Tennessee and Georgia by the end of 2021. HighFive is owned by the doctors and management team members who have deployed over $30M of their own capital, building state-of-the-art infrastructure and premier clinical leadership supported by an executive management team that brings a deep breadth of business acumen across the healthcare continuum to serve the doctors and their practices.
Guardian Dentistry Partners Adds Michigan Practice and Three in Virginia
Guardian Dentistry Partners (GDP) announced the addition of a new partner in the Midwest. Dr. Howard Potocsky, who has steadily grown his Southeast Michigan dental office over the
past 24 years, is planning for more success through the new partnership with Guardian. The new Northern Virginia partners are Dr. James Geren and Dr. Zeyad Mady, who lead both the Mt. Vernon Center for Dentistry and the Center for Dental Anesthesia; and Dr. Neil Charaipotra of West Springfield Dental Arts. Founded by a group of passionate dentists and a family office, Guardian Dentistry Partners is an emerging Dental Partnership Network. Founded in 2018, Guardian has expanded rapidly and now supports dental entrepreneurs in Florida, Michigan, New Jersey, North Carolina, Pennsylvania, Texas and Virginia. They made the prestigious Group Dentistry Now 2020 Emerging Groups to Watch list.
DECA Dental Expands into a New Market
The privately-owned dental group, DECAL Dental, operates under the brand name: Ideal Dental. The group has just opened a new office in Murfreesboro, which is in the Greater Nashville area. Recently the DSO’s founder and CEO, Dr. Sulman Ahmed, was awarded the honor of DSO Influencer. Dr. Sulman Ahmed founded the Dallas-based DECA Dental in 2008 with one location. As the Founder & CEO, he has grown the DSO to over 100 offices located in multiple MSAs and states. DECA Dental has been on the Inc. 5000 list of America’s fastest-growing privately held companies four times in the past six years. Their largely de novo-based model considers itself to be the “Starbucks of Dentistry.”
The Smilist Expands Footprint in Eastern Long Island
The Smilist Management, Inc. has announced its affiliation with Dr. Gary Rosenfeld, owner of two practices, East Islip Dental Care and Island Daily Dental Care, both located in Eastern Long Island. The Smilist is backed by Zenyth Partners. The Smilist was founded in 2014 in the New York metro area. It has affiliated with nearly 50 dental groups and is currently supporting 37 offices with over 600 employees in New York and New Jersey.
Independent Dental Group, Riverdale Healthcare, has Announced its Acquisition of Seven Dental Practices
UK-based Riverdale Healthcare acquires seven practices which were formerly part of the Perfect Smile group. The offices are situated at prime locations throughout the region, offering NHS and Private services. Perfect Smile group is focusing their development on their existing activity in and around the London area. Riverdale Healthcare is a dental investment group which was formed in 2019.
Sage Dental Opens Up its 67th Practice in North Druid Hills, GA
Founded in 1997, Sage Dental’s name was Gentle Dental until 2015. They currently have 65 general and multi-specialty dental practices providing general and specialty services to more than 250,000 patients in Florida and Georgia. Sage has increased patient volumes to 105% of pre-pandemic levels.
Community Dental Partners and 3C Dental Group Announce Partnership
Community Dental Partners (CDP) recently announced its new partnership with 3C Dental Group. CDP serves rural and underserved areas. The DSO, which was founded in 2010 and is headquartered in Denton, Texas, has 39 supported locations. 3C, founded by Dr. Dhaval Thakkar in 2012, has 20 locations.
Rodeo Dental & Ortho Open Second Colorado Office.
The growing dental group just partnered up with Dr. Felecia Parker to open their second CO office, officially making that 33 offices throughout Texas and Colorado. Founded by a group of dentists in Texas, Rodeo Dental & Orthodontics is a rapidly growing DSO. Learn more about Rodeo HERE.
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